General Studies · Company Types
What is meant by a 'Limited Company'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1One in which weak sections of society are helped.
- 2One in which centralized planning is adopted.
- 3One in which high import duties are imposed.
- 4One in which the liability of shareholders is limited to their paid-up capital.✓
Correct answer
One in which the liability of shareholders is limited to their paid-up capital.
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